Affinity Denounces Lawsuit Filed Against It In Connection With Recent
Entity Conversion

March 06, 2013 08:00 AM Eastern Standard Time

LAS VEGAS--(BUSINESS WIRE)--Affinity Gaming (“Affinity Gaming” or the “Company”) today announced
that it received a copy of the Schedule 13D/A (the “13D/A”) filed with
the Securities and Exchange Commission by Z Capital Partners L.L.C. and
its affiliates (“Z Capital”), which attached thereto a copy of a
complaint Z Capital filed March 5, 2013, against the Company and its
Board of Directors.

The complaint, filed in District Court, Clark County, Nevada, seeks a
judgment (i) declaring, among other things that the Company’s
conversion, on December 20, 2012, from a Nevada limited liability
company to a Nevada corporation was ineffective and void ab initio,
(ii) declaring that the Rights Agreement, dated December 21, 2012,
between Affinity Gaming and American Stock Transfer & Trust Company is
void ab initio and unenforceable, and (iii) awarding Z Capital
general, special, consequential and punitive damages.

The Company has not yet been served with the complaint. However, based
on its preliminary review of the 13D/A, the Company and its Board of
Directors believe that the claims brought by Z Capital are without merit
and intend to defend against them vigorously.

About Affinity Gaming

Affinity Gaming is a diversified casino gaming company headquartered in
Las Vegas, Nevada. The Company owns and operates 12 casinos in four
states, six of which are located in Nevada, three in Colorado, two in
Missouri and one in Iowa. Additionally, Affinity Gaming provides
consulting services under an agreement to support the operations of the
Rampart Casino at the JW Marriott Resort in Las Vegas. For more
information about Affinity Gaming, please visit its website: www.affinitygaming.com